Samuel Palmisano News
Masters Controversy: Should Augusta Golf Club Admit its First Female Member?
The Augusta National Golf Club may finally break with its men-only tradition this year because of one woman, IBM CEO Ginni Rometty. Since its opening in 1933 the Augusta National Golf Club has never admitted a woman to its green-jacketed ranks. However, the exclusive club has traditionally bestowed
Record Number of Fortune 500 Women CEOs
It’s been a hundred years and zero women have held the top position at IBM but all that will change when Virginia “Ginny” Rometty takes the reins as CEO of the technology company. Rometty will join a list that includes Meg Whitman, the former eBay...
HP's shift is latest blow to PCs
Hewlett-Packard's abdication of the PC business is the latest blow to an industry reeling from paper-thin margins and a massive migration to mobile computing. On Thursday, the world's No. 1 computer maker said it is considering a spinoff or sale of its personal computer business, and said it is
HP shifts away from its consumer business
In a startling strategic reversal, Hewlett-Packard, the world's No. 1 computer maker, on Thursday said it is considering a spinoff or sale of its personal computer business, and it is buying business-analytics firm Autonomy for $10.2 billion. HP's PC division, which sold 14.8 million units in its
Let’s Do Lunch: President Dines with Business Leaders Ahead of Debt Talks
ABC News' Ann Compton (@AnnCompton) reports: President Obama lunched with four business executives at the White House Tuesday, just hours before resuming negotiations on a deficit spending deal, and hours after prominent business groups issued a strong call for a...
IBM raises guidance as Q2 profit blows past forecasts
IBM blew away second-quarter profit projections and jacked up its full-year earnings forecast Thursday, a rare sign of confidence from a major corporation amid the recession. Even though IBM's sales are slipping, the results demonstrate the technology company's belief that it can continue wringing
Private Jet Use by CEOs Skyrockets
As hordes of Americans watched their retirement savings disappear and their home values plunge after the economic crisis started in September, many corporate CEOs rode high, literally. Fortune 100 CEOs used private aircraft more in 2008 than in any of the previous five years, according to a new
Meet Watson, IBM Supercomputer and Future 'Jeopardy' Champ
I'm pretty sure IBM's new supercomputer is out to take my job. The machine, codenamed Watson, is under development at IBM's research labs and on its way to becoming a contestant on "Jeopardy." Yes, you read correctly: IBM is prepping Watson to take on America's brightest minds on the nation's most
Obama Calls Wall Street Bonuses 'Shameful' and the 'Height of Irresponsibility' -- But Unclear How Stern He Was With CEO's During Visit Earlier This Week
President Obama blasted Wall Street CEOs Thursday afternoon, calling it "shameful" that they had given themselves billions of dollars bonuses during a year when the financial sector had to beg for billions in taxpayer dollars or risk crashing. Referring to...
President Obama Woos Fat Cat CEOs
In the White House's Roosevelt Room Wednesday morning, President Obama met with more than a dozen CEOs of companies ranging from Aetna to Xerox to discuss the economy and the stimulus package being voted upon in the House of Representatives....